BlackBerry (TSE:BB) Insider Philip Simon Kurtz Sells 4,168 Shares of Stock

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) insider Philip Simon Kurtz sold 4,168 shares of the firm’s stock in a transaction on Friday, October 2nd. The stock was sold at an average price of C$13.08, for a total value of C$54,517.44. Following the completion of the sale, the insider directly owned 68,365 shares of the company’s stock, valued at C$894,214.20. This trade represents a 5.75% decrease in their ownership of the stock.

Philip Simon Kurtz also recently made the following trade(s):

• On Tuesday, July 14th, Philip Simon Kurtz sold 30,000 shares of BlackBerry stock. The shares were sold at an average price of C$15.92, for a total transaction of C$477,600.00.

BlackBerry Trading Up 5.3%

Shares of TSE BB traded up C$0.69 during midday trading on Tuesday, reaching C$13.63. 3,717,819 shares of the stock were exchanged, compared to its average volume of 3,840,823. The stock has a market capitalization of C$8.00 billion, a P/E ratio of 104.85, a PEG ratio of 0.06 and a beta of 0.97. The company has a debt-to-equity ratio of 27.92, a quick ratio of 1.49 and a current ratio of 2.38. The company has a 50 day simple moving average of C$11.63 and a 200 day simple moving average of C$10.67. BlackBerry Limited has a twelve month low of C$4.35 and a twelve month high of C$18.45.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last released its quarterly earnings data on Thursday, September 24th. The company reported C$0.10 EPS for the quarter. The firm had revenue of C$219.02 million for the quarter. BlackBerry had a return on equity of 10.66% and a net margin of 13.11%. As a group, equities analysts expect that BlackBerry Limited will post 0.0551903 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Stifel Nicolaus set a C$12.00 price target on shares of BlackBerry and gave the company a “buy” rating in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$12.00.

About BlackBerry

BlackBerry (NYSE:BB)(TSX:BB) provides enterprises and governments the intelligent software and services that power the world around us. Based in Waterloo, Ontario, the company’s high-performance foundational software enables major automakers and industrial giants alike to unlock transformative applications, drive new revenue streams and launch innovative business models, all without sacrificing safety, security, and reliability. With a deep heritage in Secure Communications, BlackBerry delivers operational resiliency with a comprehensive, highly secure, and extensively certified portfolio for mobile fortification, mission-critical communications, and critical events management.